WASHINGTON (MNI) – The following is an excerpt from Federal Reserve
Chairman Ben Bernanke’s press conference Wednesday:
QUESTION:
Returning to Europe briefly. Some analysts have said that should
the situation deteriorate there the Fed could step in by buying European
sovereign debt (…). Are there any countries that you would rule out in
such a strategy?
BERNANKE:
The Federal Reserve isn’t going to be buying European sovereign
debt, except we have a very limited amount of European sovereign debt as
part of our foreign exchange reserves.
And it comes primarily from a small number of countries. So that is
not something we would be engaged in.
** MNI Washington Bureau: 202-371-2121 **
[TOPICS: M$U$$$,MMUFE$,MGU$$$,MFU$$$,MT$$$$]
